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Nuvve (NVVE) Stock Surges 38.9% After New Mexico Partnership Announcement

Nuvve (NVVE) Stock Surges 38.9% After New Mexico Partnership Announcement

Author:

Global Cryptocurrency

Published:

2025-11-21 10:46:02

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BTCCSquare news:

Nuvve Holding Corp's shares skyrocketed in after-hours trading following a strategic partnership with Socorro, New Mexico. The collaboration, formalized through a Memorandum of Understanding, targets grid modernization and fleet electrification across six key areas.

The agreement leverages Nuvve's vehicle-to-grid integration technology and Battery-as-a-Service models to reduce energy costs. Priority initiatives include school bus electrification, municipal fleet conversion, and charging infrastructure expansion.

A joint working group will coordinate implementation and pursue state and federal funding opportunities. The market responded enthusiastically to the news, sending NVVE shares up nearly 40% in extended trading.

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